Spirit Airlines has experienced significant market volatility following a federal judge's decision to block its $3.8 billion merger with JetBlue Airways. The airline's stock, $SAVE, surged from a nearly 33% low to close down just 7% in one day, with daily call premium and volume surging in the final minute of trading. Despite facing record high debt and record negative cash flow, Spirit Airlines has rejected the notion of pursuing statutory restructuring. Instead, the carrier is exploring options to refinance its 2025 debt maturities and is pressing JetBlue to appeal the merger block. Spirit's shares soared after the company raised its fourth-quarter forecast, citing an uptick in bookings and lower fuel costs. David Portnoy of Barstool Sports, who holds a position in Spirit, has seen his investment increase by over 5%, with Spirit Airlines' stock up 22% and Portnoy's position up by over 20%. The stock has risen 60% since Portnoy's 'mega buy' call. Amidst these developments, Spirit Airlines maintains that its merger agreement with JetBlue remains intact and is not considering bankruptcy.
JetBlue and Spirit aren't giving up their fight to merge https://t.co/ZpBJzEsXJt
JetBlue Airways is planning to cut several routes in hopes of reaching profitability, according to report https://t.co/u86r3k1eoL
Spirit Airlines is looking at options to refinance debt due next year, but its sudden brush with distress limits its options. Read it here in The Brink. https://t.co/7SWdi3NLXs
The worst week on record for shares in Spirit Airlines took a turn late Friday https://t.co/Hz5ymPPIoq
Forget Spirit, another major airline eyes Chapter 11 bankruptcy https://t.co/8LZeEalQGR
What's next for Spirit Airlines after federal judge blocked JetBlue merger? https://t.co/hUXavoOCDu
JetBlue and Spirit Airlines said Friday they will appeal a federal judge's ruling this week that blocked their plan to combine into a single carrier. https://t.co/IySh7X7fIV
JetBlue and Spirit Airlines said they will appeal a federal judge's ruling this week that blocked their plan to combine into a single carrier. https://t.co/kyJyGA7aBa
Spirit Airlines says it is not pursuing bankruptcy as it joins JetBlue in appeal of ruling that blocked takeover https://t.co/PyoDNs3f34
JetBlue drops Baltimore from route map, cuts several New York routes https://t.co/ogQeAz3YGn
So it continues, but also they don’t have a choice to do this, they are fucked on their own after betting so much on this >> JetBlue and Spirit To Appeal Decision to Block Merger https://t.co/7EyEe9S2pY via @Skift
JETBLUE PLANNED SERVICE CHANGE PREDATES SPIRIT COURT DECISION of course https://t.co/obT4qNJgwr
So $save was trading at about 15 before the merger with Jet Blue was shot down. Now both Spirit and Jet Blue are appealing and willing to spend milllions on appeal. Makes you think they have a shot. Next week should be interesting....IN THIS COUNTRY WE FLY!!!!!
Friday news dump: JetBlue and Spirit will appeal decision blocking merger https://t.co/IAu6Cd4mMm
DONT LOOK NOW BUT $save is going bonkers AH. Holy Moly!
BREAKING: JetBlue, $JBLU, and Spirt Airlines, $SAVE, have appealed the ruling blocking their proposed merger, per CNBC $SAVE up 10% in AH. David Portnoy, Barstool Sports, $SAVE position is now up +38% https://t.co/0HW3TYNYiD
JetBlue told staff that it will cut some routes and service as it struggles to return to profitability and grapples with the fallout of its blocked plan to buy Spirit Airlines, according to @CNBC. https://t.co/leF34XtNSn
Spirit Airlines, once a fast-growing low-cost carrier, is struggling to convince investors that it has a clear path forward after an antitrust ruling blocked the sale of the company to JetBlue Airways. https://t.co/djv3Jqysez
JetBlue to cut some routes in profitability push days after judge bars Spirit purchase https://t.co/5uHTK6TkXE
$JBLU | JetBlue To Cut Some Routes In Profitability Push Days After Judge Bars Spirit Purchase - CNBC https://t.co/DTL0dAVi2x
JetBlue cuts some routes as it tries to get back to profitability, ends Baltimore's status as a focus city. $JBLU https://t.co/uLHR9gbX90
Spirit Airlines could end up in bankruptcy and be forced out of business because of a federal court decision to block a proposed sale to JetBlue Airways, according to a note from an airline analyst. 📸: Mario Tama/ Gettyimages https://t.co/0gpuoWaycS
You will never find a Spirit plane blocking traffic on the highway! $save https://t.co/8o1hhOq4Ld
WATCH: Spirit Airlines is exploring options to refinance its debt after a US judge blocked its $3.8 billion merger with JetBlue Airways https://t.co/pxYp3Iipi1 https://t.co/qw7LztdQNv
Spirit Airlines raised its fourth-quarter outlook and is considering refinancing $1.1 billion in debt https://t.co/QyTZo8yUgj https://t.co/QyTZo8yUgj
Spirit Airlines is exploring options to refinance its debt after a US judge blocked its $3.8 billion merger with JetBlue Airways https://t.co/HNWIM5TdQG https://t.co/NkSt6xyJRH
Never heard of that happening on Spirit! $save https://t.co/5qZSa2G0H2
David Portnoy is up +20% on $SAVE. You can follow his portfolio using the "Portfolios" feature on Unusual Whales. He is still under performing Nancy Pelosi and her $NVDA though. https://t.co/m3eM7dWjpC
LISTEN NOW: We discuss Spirit's efforts to save its merger with JetBlue. Listen and follow the @moneymoverscnbc podcast here: https://t.co/gphQTkkz5U https://t.co/D3bPUWw3Em
Spirit Airlines says it is not pursuing bankruptcy, reports fourth quarter was stronger than expected https://t.co/6X2PT52tnQ
This is INSANE about $SAVE, Spirit Airlines, & David Portnoy #ddtg. If you bought $6 calls expiring in one day when he said "Diamond Hands" to me on Twitter, & sold today, you got a +3433% return!!! If you put in $10,000 you'd have $340,000 now. From $0.03 to $1.06!!! https://t.co/RrJs9D35cD
Everything going down with $SAVE, Spirit Airlines and the recent @stoolpresidente tweets reminds me of the good ol' meme stock days 🔥
Spirit shares soar on holiday travel season https://t.co/xTex0XNilx
Amazing news! The DOJ has blocked the proposed Jet Blue/Spirit Airlines merger! A merger like this would drive up airline prices for travelers and eliminate many routes. We don’t need another Monopoly; we need fair ticket prices for Americans.
Spirit Airlines, $SAVE, is up 22%. David Portnoy, of Barstool Sports, is up now +20% on his position in less than 24 hours. https://t.co/bo1rpPp6G9
I bought $SAVE yesterday after the Reuters headline. Up +50% on SHARES overnight 🤯 Thanks @stoolpresidente I owe you a beer #DDTG https://t.co/cgFIMkDQS1
Spirit Airlines has now risen over 60% since Dave Portnoy called it a "mega buy" yesterday. He has made ~$600K in unrealized profits on the trade in less than a day. https://t.co/dvzLuZVVV8
Why the JetBlue-Spirit antitrust ruling doesn't spell doom for an Alaska-Hawaiian merger https://t.co/qsV8aULjq5
Portnoy nailed it. $SAVE +26% at the open. We are so back. https://t.co/bjUFOji2KN
Spirit Airlines $SAVE is bouncing back in pre-market trading, currently up 28%, after the airline refuted a report that it was exploring different restructuring options. #stocks #stockmarket #spiritairlines https://t.co/5QYBT4Lf1x
Spirit mulls options to refinance debt, says JetBlue deal still intact https://t.co/IM973aCzlI https://t.co/zWnCbck511
Spirit Airlines has broken its silence. $SAVE +24% https://t.co/623oRNuGFY
Spirit Airlines is mulling refinancing its debt after a US judge blocked its $3.8 billion merger with JetBlue Airways, a source told @Reuters, adding that the company is not considering restructuring https://t.co/HNWIM5TdQG https://t.co/rpgPs33eRP
Spirit Airlines soars despite bankruptcy risk, JetBlue merger decision https://t.co/FYnEaESrWI
WE FLY IN THIS COUNTRY!!!!!!! $SAVE. CHOO!! CHOO!!!! ALL ABOARD SPIRIT AIRWAYS!!!!!!
SPIRIT AIRLINES $SAVE is up +30% in premarket, as Reuters reported this morning that the company is looking to convince JetBlue $JBLU to appeal the decision to block their merger, along with guiding at the top end ($1.32B) for Q4 and assessing their 2025 debt refinancing options
$SAVE (+31.8% pre) Spirit Airlines looking to refinance its debt, not considering restructuring -source - Reuters https://t.co/EsyEzvXQLp
I see the Barstool crowd has turned $save into a meme stock, how exciting https://t.co/HgeaK5qLRX
$SAVE 🔸 Spirit Air extends premarket advance to 26% Spirit Airlines Inc.'s stock was rallying in premarket trading on Friday as the carrier said its bookings over the holidays were strong and that it'll likely match or slightly beat Wall Street's fourth-quarter revenue…
WAKE UP EVERYBODY! $save is going to the moon today! BUY BUY BUY! I AM NOT A FINANCIAL ADVISOR SO DON'T LISTEN TO ME WHEN I SAY BUY BUY BUY BUT BUY BUY BUY! https://t.co/tqU6ccwfvP
Spirit Airlines’ stock rebounds on bullish guidance https://t.co/k6JBosvadu
Spirit Airlines Fights Back With Action-Packed Investor Update. The Stock Is Surging. https://t.co/Q85nqlWnvS
$SAVE (+23.0% pre) Spirit Airlines jumps after guidance update includes further backing of $JBLU JetBlue merger - SA (2/2) https://t.co/j6fk3sx3MR
$SAVE (+23.0% pre) Exclusive: Spirit Airlines presses $JBLU JetBlue to appeal merger block-sources - Reuters (1/2) https://t.co/ha1XZBTmSS
WE FLY IN THIS COUNTRY!!!!!!! $SAVE. CHOO!! CHOO!!!! ALL ABOUT SPIRIT AIRWAYS!!!!!! https://t.co/ou0xxPPwq2
Good Morning! $SAVE (+17.0% pre) is squeezing higher before the open today after the company raises Q4 forecasts citing an uptick in bookings as well as lower fuel costs Looks like the airliner finally found a bottom https://t.co/shGFUsd34P
Spirit Airlines stock jumps 17% after raising fourth-quarter forecast https://t.co/Z9uPVcaEZ3
This doesn't really make it seem like Spirit Airlines has confidence it can make it as a standalone budget airline... https://t.co/95GR2C5o1b
* EXCLUSIVE - SPIRIT AIRLINES INC SEEKING TO CONVINCE JETBLUE AIRWAYS CORP TO APPEAL JUDGE'S DECISION BLOCKING THEIR MERGER -SOURCES @reuters $SAVE $JBLU
Spirit Airlines shares surge after the carrier said it still believes in its plan to merge with JetBlue, despite opposition from regulators and a court decision blocking the deal https://t.co/MRINzbNMtM
⚠️ SPIRIT AIRLINES MULLS OPTIONS TO REFINANCE DEBT (Reuters) Spirit Airlines said on Friday it was assessing options to refinance its 2025 debt maturities amid some analyst concerns over the airline's ability to stay afloat. The airline also said its merger agreement with…
Very happy to share $save is up 13% pre market now $6.5 dollar. Pleased. But can’t linger here closer it gets to $7. Also $SMCI stack stock up 12% pre market . https://t.co/cLa35hBkhe
Exclusive: Spirit Airlines presses JetBlue to appeal merger block-sources https://t.co/yeMLVz7kXT https://t.co/hWj7kWMjHE
⚠️ EXCLUSIVE - SPIRIT AIRLINES PRESSES JETBLUE TO APPEAL MERGER BLOCK: SOURCES (Reuters) Spirit Airlines is seeking to convince JetBlue Airways to appeal a decision by a federal judge to block the tie-up between the sixth and seventh largest U.S. airlines, according to people… https://t.co/No0chCa2ir
If you want to follow David Portnoy's $SAVE play or his portfolio, we just added it to Unusual Whales portfolios! You can follow performance, and get updated when it changes (alongside every politician's portfolios as well) See more: https://t.co/YFLvuTZ1rG https://t.co/nU3k8K8yJt
POLYMARKET PREDICTS A 10% CHANCE THAT SPIRIT AIRLINES WILL GO BANKRUPT BY JAN 31 @Polymarket forecast comes days after a federal judge blocked the JetBlue-Spirit merger over fears of eliminating competition This caused a violent drop in the stock price of both airlines. Spirit… https://t.co/Xz6dpbaxB9
If you want to follow David Portnoy's $SAVE play or his portfolio, we just added it to Unusual Whales portfolios! You can follow performance, and get updated when it changes (alongside every politician's portfolios as well) Go to "Portfolios" on our site if interested! https://t.co/q6rjOlz9as
Spirit Airlines said it’s not involved in or planning a “statutory restructuring” as the discount carrier reexamines its balance sheet following the collapse of a planned sale to JetBlue https://t.co/A1ACWFFBjf
$SAVE is the new wsb/meme stonk. Up and down 20-40% daily.
Spirit airlines: record high debt, record negative cash flow https://t.co/ehoJRfYrFO
Spirit airlines, $SAVE, rallied from nearly 33% lows today to finish just down 7%. David Portnoy, of Barstool Sports, is now up over 5% on his approximate position. Net premium went slightly positive in the final minute of the market, with daily call prem + volume surging. https://t.co/9DU896pIUo
Here's what's next for Spirit after its blocked merger deal with JetBlue https://t.co/9Lulx9tQy3 by @ines_ferre